Who can open an account?

Who can open an account?

Any U.S. resident over the age of 18 can apply for an account with Monkey Money. You must apply using your U.S. residential address and you will  be required to provide additional documentation, such as your valid Passport and possibly immigration status in order to qualify and other documents to validate your identity. This process is done using the mobile application and it is called KYC (know your customer).

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    • Can I open a Savings account?

      No, we do not offer a savings accounts at this time.

    • How long does it take to open an account?

      Typically it takes only a few minutes to apply. Many applicants are approved within 60 seconds, after passing the KYC (know your customer) onboarding process integrated into the mobile application. It may take longer if additional information or ...

    • Why do you need my SSN to open an account?

      We require your SSN to validate your information and to verify your identity. If you don’t have a Social Security Number, then we will ask for alternative identification to verify you such as the below documents: Driver's License Passport Consular ...

    • How to deposit money into my account? (step by step)

      Method 1: Bank Transfer Step 1: Open the Monkey Money app on your device. Step 2: Select the "Add ACH Account" option in the main menu. Step 3: Follow the on-screen instructions and click "Continue". Step 4: Choose your preferred bank from the ...

    • Can I use Zelle with my Monkey Money account?

      Yes, it is possible to use Zelle with your Monkey Money account. To do this, follow these steps: Download the Zelle App: First, you should download the Zelle app directly from the Google Play Store or the Apple App Store. Follow the App's ...